R3, the development team of personal Corda blockchain, is working with Solana to enter the public “Internet capital market” game.
This movement indicates “new strategic direction of R3” and now More than $ 10 billion It is worth the actual all chain assets to be issued by asset managers, banks and other financial services providers to trade and settle open block chains.
In the statement, R3 said, “Collaboration will create a consensus service placed in Solana, enabling the basic interoperability between the existing Corda platform of the R3 and other personal networks and Solana to bridge the gap between the licensed blockchain ecosystem.
R3 is an enterprise blockchain software company that develops an open source and authority Corda distribution ledger platform. Customers include DTCC, Mastercard, Nasdaq, HSBC and JP Morgan.
“Solana and R3 will bring about assets regulated in the open blockchain when the RWA sector is in the backbone. Regulatory Tail Wind is causing investors’ trust in digital assets, and financial institutions are becoming more and more comfortable to use public networks, and the infinite sector is mature.”
As part of this measure, LILY LIU, the chairman of the Solana Foundation Council, will join the R3 board. R3 tapped Solana instead of Ethereum, the current RWA market leader, in accordance with the “extensive evaluation and technology review”.
R3 CEO David E. Rutter said, “This is more than a milestone. It’s a strategic relocation of the entire industry. We know that Defi does not come to Tradfi, so it is up to us to build a combined infrastructure that connects these two ecosystems.” It is to adapt to form a long -term future. “
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